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@Anonymous wrote:
Hi all. I applied for a cap1 platinum immediately after my very first auto loan ever. Thanks to the info on this group! I believe it's been 4 mos.(approximately) and I've been upgraded to QS1 & received a 3x CLI. Bought some stuff on Black Friday kept my utilization under 30% but decided to carry a balance this month. My question is how does cap1 feel about that? When will my score recover? Will it affect a CLI in the future? When can I ask for another increase? #hookedontheluvbutton
I am sure that Capital One does not care about you carrying a balance. The problem occurs when one has a balance and only pay the min payment each month. No it will not affect you receiving a cli in the future. Capital One has a strict 6 month policy on CLI. However you should be enrolled in the credit steps and you will get an increase around your 5th or 6th statement cut.
I just got a CLI on my Cap1 Platinum, I was on a credit step program after making my first 5 payments, I called and said it will reflect a $200 CLI automatically but did offer to go through the automated phone process for a CLI request. They increased it by $500 dollars making it $800 and have and 200 coming in January!!!